Indonesian regulators consider tax on cryptocurrency transactions

[newshunter]

Indonesian regulators consider tax on cryptocurrency transactions

Officials are considering a tax on all cryptocurrency transactions in Indonesia.

Source: Indonesian regulators consider tax on cryptocurrency transactions

Would appreciate your opinion about this

[TomPluz]

One of the many official functions of the government is taxation to fund the many activities it has. That got no problem with me as long as the rate can be justifiable and not meant to kill the very industry it is taxing on. Now, with Indonesia I understand that there is a big and growing interest of the people with cryptocurrency business. Indonesia can be a leading crypto hub in this side of the world and I think the government should recognize the big potential of crypto as a source of money and a stimulant for its economy. Taxation is always better than ban.

[Richard_1]

Not surprisingly, Indonesia wants crypto taxation right now. Now many countries have begun to think about this issue, and Indonesia turned out to be no exception. Who does not want to get extra income by adopting just one small law)